The Internal Revenue Service is giving taxpayers more time until Nov. 21 to register their dependents for the $500 per child Economic Impact Payments provided under the CARES Act.
The IRS said Monday that it’s extending the time to give people who were unable to provide their information earlier. Under the CARES Act that was passed by Congress in March in response to the economic fallout from the novel coronavirus pandemic, the IRS sent out $1,200 to each taxpayer, plus an additional $500 per child. It originally relied on information from taxpayers’ 2018 and 2019 tax returns, but since in many cases the information was missing, out of date or incomplete, the IRS set up a portal where taxpayers could register their information.
An estimated 9 million people haven't yet received an Economic Impact Payment. The IRS needs to send out the stimulus by the end of the year. It is extending the timeline for registering until 3:00 p.m. ET on Nov 21. The deadline had been Sept. 30 until the latest extension.
V. Allen Smith is chief information officer at Baker Tilly Virchow Krause, LLP, in Madison, Wis. Since 2001, he has managed all technology strategy and initiatives across the firm. Smith has served as a senior IT executive for a number of corporations, start-ups and growth firms. He is vice chair of the Information Technology Alliance (ITA) board of directors.
George Sutton is an attorney at Jones Waldo Holbrook & McDonough. He served as the Utah commissioner of financial institutions from 1987 to 1993.
Morten is Huddle’s CEO. Based in San Francisco, Morten brings more than 20 years of experience in the technology industry and extensive go-to market and SaaS experience, spanning the U.S. and European markets, to Huddle.
Prior to joining Huddle, Morten was CEO at MACH, a provider of hub-based mobile communication solutions. In this role, Brøgger led MACH’s growth and acquisition by Syniverse in 2013 for $715 million, and subsequently served as Chief Sales Officer for the combined business globally. At MACH, Brøgger brought new cloud services to market, accelerated business into adjacent markets and achieved the highest customer and employee satisfaction in the history of the company.
Brøgger’s previous experience includes leadership roles at Sunrise Switzerland, TDC Denmark and ATEA. He holds an MA from Aarhus University’s business school in international marketing management.
Following recent IRS programming updates, anyone who registers using the Non-Filers: Enter Info Here before the 3 p.m. Eastern Nov. 21 extended due date will receive an Economic Impact Payment, if they’re eligible. That includes federal beneficiaries who already received an EIP but didn’t receive a supplemental $500 payment for qualifying children.
The additional time will enable them to enter the information on their qualifying children using the Non-Filers tool on IRS.gov.
Those who are eligible to provide this information include people with qualifying children who receive Social Security retirement, survivor or disability benefits, Supplemental Security Income (SSI), Railroad Retirement benefits and Veterans Affairs Compensation and Pension (C&P) benefits and did not file a tax return in 2018 or 2019.
The IRS is also encouraging anybody who didn’t have a requirement to file a tax return in 2018 or 2019 to register for an Economic Impact Payment by using the Non-Filers tool before the Nov. 21 deadline. The IRS originally didn’t have information on many of these taxpayers, so it was unable to send them the initial round of stimulus payments.
The IRS is encouraging people to choose direct deposit to receive their payments, as it will speed up processing when using the Non-Filers tool. Those who don’t choose this option will get a check in the mail instead. Starting two weeks after they register, people can track the status of their stimulus payments using the Get My Payment tool, accessible from IRS.gov.
